MBS Plumbing and Heating Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08352376 (England and Wales)

MBS PLUMBING AND HEATING LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

M A Beevor

REGISTERED OFFICE:

Sidings House

Sidings Court

Lakeside

Doncaster

South Yorkshire

DN4 5NU

REGISTERED NUMBER:

08352376 (England and Wales)

FIXED ASSETS

Tangible assets

2

12,906

3,018

CURRENT ASSETS

Stocks

26,536

-

Debtors

58,451

14,582

Cash at bank

2,892

-

87,879

14,582

CREDITORS

Amounts falling due within one year

56,983

16,720

NET CURRENT ASSETS/(LIABILITIES)

30,896

(2,138

)

TOTAL ASSETS LESS CURRENT LIABILITIES

43,802

880

CREDITORS

Amounts falling due after more than one year

(8,139

)

-

PROVISIONS FOR LIABILITIES

(2,536

)

(604

)

NET ASSETS

33,127

276

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

33,126

275

SHAREHOLDERS' FUNDS

33,127

276

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 11 September 2015 and were signed by:

M A Beevor - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 15% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2014

3,865

Additions

13,000

Disposals

(2,000

)

At 31 January 2015

14,865

DEPRECIATION

At 1 February 2014

847

Charge for year

1,612

Eliminated on disposal

(500

)

At 31 January 2015

1,959

NET BOOK VALUE

At 31 January 2015

12,906

At 31 January 2014

3,018

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

1

Ordinary

£1

1

1

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end the director was owed £596 by the company.

Dividends totalling £30,500 were paid to the director during the period.